Trust Investment Advisors Sells 4,426 Shares of Realty Income Co. (NYSE:O)

Trust Investment Advisors lessened its holdings in shares of Realty Income Co. (NYSE:O) by 21.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,964 shares of the real estate investment trust’s stock after selling 4,426 shares during the quarter. Trust Investment Advisors’ holdings in Realty Income were worth $917,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Xponance Inc. lifted its holdings in Realty Income by 6.5% in the fourth quarter. Xponance Inc. now owns 95,569 shares of the real estate investment trust’s stock worth $5,488,000 after buying an additional 5,855 shares during the period. Flynn Zito Capital Management LLC purchased a new position in shares of Realty Income in the 4th quarter valued at approximately $217,000. Archer Investment Corp boosted its position in shares of Realty Income by 253.5% during the fourth quarter. Archer Investment Corp now owns 972 shares of the real estate investment trust’s stock valued at $56,000 after purchasing an additional 697 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its stake in Realty Income by 24.9% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,043 shares of the real estate investment trust’s stock worth $61,000 after purchasing an additional 208 shares during the period. Finally, Tyche Wealth Partners LLC bought a new position in Realty Income in the fourth quarter worth $298,000. Hedge funds and other institutional investors own 70.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on O shares. StockNews.com raised shares of Realty Income from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Royal Bank of Canada lifted their target price on shares of Realty Income from $58.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, January 11th. Mizuho cut their price target on Realty Income from $60.00 to $56.00 and set a “buy” rating on the stock in a research note on Thursday, March 7th. Stifel Nicolaus reduced their price objective on Realty Income from $67.75 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, February 21st. Finally, BMO Capital Markets began coverage on Realty Income in a report on Tuesday, February 13th. They issued a “market perform” rating and a $57.00 target price on the stock. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Realty Income presently has a consensus rating of “Hold” and an average price target of $60.96.

Insider Transactions at Realty Income

In other Realty Income news, Director A. Larry Chapman sold 5,000 shares of the business’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $54.23, for a total transaction of $271,150.00. Following the completion of the sale, the director now directly owns 6,257 shares in the company, valued at approximately $339,317.11. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.10% of the company’s stock.

Realty Income Stock Performance

NYSE O traded up $0.75 during trading hours on Thursday, hitting $52.03. The company’s stock had a trading volume of 4,955,756 shares, compared to its average volume of 6,909,912. Realty Income Co. has a 12 month low of $45.03 and a 12 month high of $64.18. The company’s 50 day simple moving average is $52.51 and its two-hundred day simple moving average is $53.33. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.28 and a quick ratio of 1.28. The company has a market cap of $44.81 billion, a P/E ratio of 40.97, a price-to-earnings-growth ratio of 5.27 and a beta of 0.92.

Realty Income (NYSE:O) last released its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $1.02 by ($0.72). Realty Income had a net margin of 21.39% and a return on equity of 4.06%. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.02 billion. During the same period in the previous year, the firm earned $1.00 earnings per share. The firm’s revenue for the quarter was up 21.1% on a year-over-year basis. As a group, sell-side analysts expect that Realty Income Co. will post 4.16 EPS for the current fiscal year.

Realty Income Dividend Announcement

The company also recently declared a may 24 dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st will be issued a dividend of $0.257 per share. The ex-dividend date is Tuesday, April 30th. This represents a dividend yield of 5.9%. Realty Income’s payout ratio is 244.45%.

About Realty Income

Realty Income, The Monthly Dividend Company, is an S&P 500 company and member of the S&P 500 Dividend Aristocrats index. We invest in people and places to deliver dependable monthly dividends that increase over time. The company is structured as a real estate investment trust ("REIT"), and its monthly dividends are supported by the cash flow from over 15,450 real estate properties (including properties acquired in the Spirit merger in January 2024) primarily owned under long-term net lease agreements with commercial clients.